War Stories and Other Helpful Information

Reports show that globally, in 2021, the number of ransomware attacks increased significantly. Not only did the level of frequency grow, but so did their level of sophistication. Ransomware as an industry is escalating and it’s important to know what to look for to better protect sensitive data. Here are several trends to be aware of and steps to help mitigate the risk of attack: Cybercriminal Services for Hire The ransomware market has become more sophisticated and professional in recent years, making attacks harder to distinguish. It has also become more collaborative, with cybercriminals utilizing ransomware-as-a-service (RaaS), engaging with third-party

How Much Money Does Your Incident Response Team Make on Ransom Payments? A common trend in the cybersecurity space is incident response teams making a profit on a percentage of the ransom payments paid out to threat actors when a ransomware attack occurs. Since this profit is often far more than the fees the incident response team would pay a crypto currency broker, the incident response team is making money from a situation it should be trying to avoid at all costs. To truly understand the conflict of interest for an incident response team paying the ransom, let’s look at

According to a survey of managed service providers for SMEs, only 30 percent felt that ransomware was a critical threat, perhaps indicating an attitude that it only affects larger corporations. This couldn’t be further from the truth. In fact, a single ransomware “gang” took on 63 companies in 2021 so far, including schools, local government agencies and healthcare services. Smaller businesses may, in fact, be more at risk because of several factors. Lack of Cybersecurity Training Any company that connects to the internet and holds data of any kind is at risk from threat actors. This means every organization is at